A macroeconomic model of an epidemic with silent transmission and endogenous self-isolation / by Antonio Diez de los Rios.: FB3-5/2020-50E-PDF
"We study the interaction between epidemics and economic decisions in a model where (1) agents allocate their time to market and home production and social and home leisure, (2) these activities differ in their degree of contagiousness, (3) some infected individuals are indistinguishable from susceptible individuals, and (4) agents are not necessarily rational. For baseline parameter values for the COVID-19 pandemic, we find that agents partially self-isolate by allocating more time to home activities and that the effective reproduction number of the disease stabilises at one. Detection and isolation of infected individuals severely mitigate the recession caused by the pandemic"--Abstract, page ii.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.894144&sl=0
| Department/Agency | Bank of Canada, issuing body. |
|---|---|
| Title | A macroeconomic model of an epidemic with silent transmission and endogenous self-isolation / by Antonio Diez de los Rios. |
| Series title | Staff working paper = Document de travail du personnel, 1701-9397 ; 2020-50 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "Last updated: November 26, 2020." Includes bibliographical references (pages 33-36). |
| Publishing information | Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2020. ©2020 |
| Author / Contributor | Diez de los Rios, Antonio, author. |
| Description | 1 online resource (ii, 40 pages, 14 unnumbered pages) : colour illustrations. |
| Catalogue number |
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| Subject terms | COVID-19 (Disease) -- Econometric models. COVID-19 Pandemic, 2020- -- Econometric models. Recessions -- Econometric models. COVID-19 -- Modèles économétriques. Pandémie de COVID-19, 2020- -- Modèles économétriques. Récessions -- Modèles économétriques. |